Which of the Following Is True About Credit Bureaus in Canada

question 8

Multiple Choice

Which of the following is true about credit bureaus in Canada?

• A)There are two federally appointed credit bureaus in Canada.
• B)It is impossible to have a better credit score at one bureau than the other.
• C)Lenders may access your credit information without your permission.
• D)Lenders may use more than one credit bureau for information.

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Definitions:

Cultural Expectations

These are the shared beliefs, norms, and values that shape consumer behaviors and preferences within a particular society or community.

Targeted Research

The process of conducting research that is aimed toward a specific, identified target audience or area of interest to gather detailed insights.

Morals

Morals refer to the beliefs and practices regarding what is right or wrong, guiding individual behavior and influencing societal norms and ethics.

Culture

The collection of patterns, beliefs, practices, norms, and values shared by a group of people that informs and shapes their way of life and societal structures.